Treasury Yields Jump as Stocks Rally

Yields for Treasurys soared as investors sold out of government bonds amid a strong rally in U.S. stocks and the latest revelation that Federal Reserve officials were actively debating the exit from its stimulus program.

In a day without any major economic reports to digest, Treasurys were sold off as stocks continued to push higher. Earlier in the day, a lackluster auction of U.S. government debt also failed to jolt the market.